Archive of posts tagged rehabilitation

Experts Advocate Stabilizing Neighborhoods with Short Sales

Posted by on

“Foreclosures are going to go up before they go down,” according to Craig Nickerson, president of the National Community Stabilization Trust. Nickerson says estimates put foreclosure tallies at 850,000 this year, as high as 1.5 million in 2013, and then back to the levels we’re at today by 2015. With all these distressed properties potentially …

small payday loans very cheap

Continue reading ‘Experts Advocate Stabilizing Neighborhoods with Short Sales’ »

A little-known loan program for fixer-uppers

Posted by on

Home buyers thinking of purchasing a distressed property in need of repair, but who are concerned that the cost of the repairs could drain their savings account may qualify for the Federal Housing Administration’s (FHA) 203(k) rehabilitation program. MAKING SENSE OF THE STORY: The FHA’s 203(k) rehabilitation program provides loans for covering renovation costs as …

Continue reading ‘A little-known loan program for fixer-uppers’ »